The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors?

By G. Zucman. 2013

479 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f86cb6ef3c9bf46a514227e9de7bb98e4441c5f9

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Citations in the corpus

Taxing the Rich (2016, unknown): “…offers a parsimonious theory that jointly explains the strong correlation between cuts in top tax rates and increases in top 1% income shares since 1975 established in Piketty et al. (2014), together with the rise of asset migration towards tax havens over the period established in Zucman (2013).”
Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens (2020, unknown): “Our article contributes to a growing literature on the economic impact of tax havens, including Hines and Rice (1994), Desai, Foley, and Hines (2004), Gravelle (2009), Zucman (2013), Guvenen et al. (2018), and Tørsløv, Wier, and Zucman (2018).”
Top wealth shares in the UK over more than a century (2018, background): “38 According to Zucman (2013), 4 per cent of US household financial wealth is held off-shore, much of which is unreported.”
Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality (2018, background): “The use of tax havens and the share of profits reported through shell companies in tax havens has continued to rise since 1980s; An estimated amount equivalent to 10 percent of GDP is held in global tax havens (Zucman, 2013).”
Heterogeneity and Persistence in Returns to Wealth (2018, unknown): “If wealth is held abroad mostly to profit from more rewarding investment opportunities not available at home (as argued by Zucman (2013)), then ours are conservative estimates of the heterogeneity in returns and their correlation with wealth.”
Taxing across Borders: Tracking Personal Wealth and Corporate Profits (2014, background): “In fact, the recognition that corporate profits are taxed twice was one of the key arguments put forward for reducing dividend taxation in 2003.2 The 2003 dividend tax cut was originally set to expire in 2009 but has now been made permanent (Yagan 2014).”
Who owns the wealth in tax havens? Macro evidence and implications for global inequality (2017, methodology): “Due to the outsized role played by Switzerland in cross-border wealth management, this data source alone (first analyzed in Zucman, 2013) plays a key role in our estimates, as described in Sections 3 and 4 below.1 Third, to our knowledge we are the first to use the bilateral bank deposit data of…”